This iconic oceanfront property represents the opportunity to redefine an entire piece of prime coastline. Comprising approximately 3.7 acres across eleven contiguous parcels and commanding nearly 320 feet of sandy shoreline, this extraordinary Laguna Beach collection represents one of the most significant residential development opportunities ever offered along the Southern… Read More California coast. Positioned above a secluded cove at the southernmost tip of Thousand Steps Beach with panoramic views spanning the Pacific Ocean, Catalina Island, and the dramatic Laguna shoreline, the property combines unparalleled scale, irreplaceable location, and exceptional development potential in a manner rarely encountered and unlikely to be replicated. The true value of this offering lies not in the existing improvements, but in the opportunity to create a landmark coastal residential development capable of establishing a new benchmark for luxury living in one of California's most supply-constrained and globally sought-after markets. With an enviable trove of parcels, substantial ocean frontage, and advanced planning considerations already investigated, the property presents a unique opportunity to develop a transformative family compound or oceanfront community consisting of custom luxury residences, ultra-premium condominiums, or a thoughtfully integrated mixed residential vision designed to maximize both value and long-term market significance. While the property's highest and best use may be realized through its development potential, the estate also offers the rare alternative of creating one of the most significant multigenerational oceanfront compounds on the West Coast; an extraordinary private retreat capable of spanning generations and serving as a lasting family legacy. Further enhancing the investment profile, three newly renovated residences currently occupy the property and may provide interim rental income or executive housing accommodations while development plans, entitlements, and approvals are finalized; helping to offset holding and maintenance costs throughout the planning process. Opportunities of this magnitude are extraordinarily rare. A coastal assemblage of this scale, frontage, and development potential represents more than a real estate acquisition; it is an opportunity to shape the future of one of the most coveted stretches of coastline in Southern California and to create a project destined to become a defining landmark for generations to come. Read Less
Property listed by Compass, Rob Smith 949-697-8855
Listing Snapshot
Days Online
0
Last Updated
Property Type
SingleFamilyResidence
Beds
10
Full Baths
3
Partial Baths
1
Square Ft.
4,900
Lot Size
3.7 Acres
Year Built
1930
MLS Number
NP26126003
Additional Details
Building
Built in 1930, Living area: 4900.0, Living area units: SquareFeet, 2 stories, Levels: Two, Entry level: 1, Entry location: 1, 2
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Confirm your time
Fill in your details and we will contact you to confirm a time.
